European Union Exports Decreased By 3.3% And Imports Decreased By 13.4% İn January-March Period
21 May 2024The euro area exports of goods to the rest of the world in March 2024 were €245.4 billion, a decrease of 9.2% compared with March 2023 (€270.4 bn). Imports from the rest of the world stood at €221.3 bn, a fall of 12.0% compared with March 2023 (€251.4 bn).
In January to March 2024, the euro area recorded a surplus of €57.5 bn, compared with €-9.4 bn in January-March 2023. The euro area exports of goods to the rest of the world fell to €705.0 bn (a decrease of 3.2% compared with January-March 2023), and imports fell to €647.5 bn (a decrease of 12.3% compared with January-March 2023). Intra-euro area trade fell to €650.8 bn in January-March 2024, down by 8.4% compared with January-March 2023.
The extra-EU exports of goods in March 2024 was €219.6 billion, down by 9.5% compared with March 2023 (€242.6 bn). Imports from the rest of the world stood at €197.9 bn, down by 12.1% compared with March 2023 (€225.2 bn).
In January to March 2024, extra-EU exports of goods fell to €628.8 bn (a decrease of 3.3% compared with January-March 2023), and imports fell to €580.1 bn (a decrease of 13.4% compared with January-March 2023). As a result, the EU recorded a surplus of €48.7 bn, compared with a deficit of €19.2 bn in January-March 2023.
Source: Eurostat
Post by: Republic of Türkiye Ministry of Trade